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Old 02-06-2011, 03:33 PM
 
5,113 posts, read 4,774,035 times
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I sold my last house almost 5 years ago and the plan is to purchase again but when the time is right. I would have no issues with not using the typical real estate agent as I found most are clueless and just interesting in closing the deal so they get their cut. I plan and doing much research so I am totally informed on all the in’s and out’s. I’m even considering getting my RE license just for my own purposes. One thing that I would research is how the current system works with regards to banks holding the title or will they use/sell it for mortgage backed securities (MBS). My last mortgage was held by the mortgage company thankfully and I had no problems when I sold but these days there is much corruption and questionable practices with banks and GSE’s (like Fannie Mae) who securitize the mortgage in the form of MSB’s. This is one of the problems with the foreclosures today. It’s not clear to the courts who really owns the house when the mortgage is securitized. This problem is growing and could be catastrophic for the housing market and banks.
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Old 03-23-2011, 01:28 PM
 
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In all you shoudl do your research. But getting a good agent covers your butt. Sure analytics like yourself would want to do it yourself and possibly get a license. If you have that much time on your hands then do it. Otherwise, some of these routes are pennywise and pound foolish. FOr most they want to just buy a house and live. As long as they interview agents, pray about it and move forward they should be great. No different than going to a doctor, CPA or lawyer...they all have a license but not all are good...be selective...not cheap.
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Old 03-23-2011, 11:19 PM
 
Location: SoCal
2,262 posts, read 6,280,360 times
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Originally Posted by Gorillaruss View Post
In all you shoudl do your research. But getting a good agent covers your butt. Sure analytics like yourself would want to do it yourself and possibly get a license. If you have that much time on your hands then do it. Otherwise, some of these routes are pennywise and pound foolish. FOr most they want to just buy a house and live. As long as they interview agents, pray about it and move forward they should be great. No different than going to a doctor, CPA or lawyer...they all have a license but not all are good...be selective...not cheap.
Huh? Who said anything about getting a license? And why is it being "cheap" to not want to pay an extra $12k if I don't have to.

And thanks for the advice, but I won't be praying about anything since I'm pretty much an atheist.
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